#HR6729 is described as involving voluntary data sharing, but it also includes language from a section of the #PatriotAct that the government has used to warrantlessly demand customer information from thousands of companies.
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#HR6729 also invites due process violations. The bill allows nonprofits to go to banks and accuse people of serious crimes, while being shielded from liability.Show this thread -
Even if the accused is innocent and never charged with a crime, their reputation may be destroyed, and banks may choose to close their accounts, effectively blocking them from the financial system.
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#HR6729 can even protect disclosures that were not made in good faith. Someone could share a false accusation and still be immune.Show this thread -
#HR6729 undermines consumer privacy by shielding banks from liability for violating agreements with their customers to protect their personal information.Show this thread
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